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  • Didi, SoftBank aim to encircle Uber with Grab funding

    CHONGQING -- The race to capitalize on Southeast Asia's tech-driven sharing economy is sizzling as Didi Chuxing and SoftBank Group move to push back against U.S. titan Uber Technologies in their backyard with their new $2 billion investment in Grab,

    July 25, 2017 08:00 am JST
  • China vows tight financial oversight in second half

    BEIJING -- China's top decision-making body signed off Monday on an economic agenda that appears to maintain a hard line on the financial sector for the rest of 2017.The Politburo of the Communist Party, which meets every month, routinely makes adju

    July 25, 2017 07:30 am JST
  • Japan to keep reduced tariffs on imports from China, Brazil

    TOKYO -- Japan's Finance Ministry plans to expand the preferential tariff program as early as fiscal 2019 to prevent a spike in import levies on goods from China and other key trade partners.The expansion would cover roughly 600 items from emerging

    July 25, 2017 06:45 am JST
  • Chinese crude steel output hit record in January-June

    TOKYO -- China produced a record amount of crude steel in the first half of this year amid brisk investments in real estate and public works.But observers around the world are increasingly worried that a slowdown in the Chinese economy and import re

    July 25, 2017 06:40 am JST
  • Beijing probe seen removing potential Xi successor

    CHONGQING -- China's investigation into this city's former Communist Party chief, once viewed as a potential successor to President Xi Jinping, on allegations of "serious discipline violation" appears likely to help consolidate Xi's power before a l

    July 25, 2017 06:36 am JST
  • China calls for quick development of Sino-Thai rail link

    BANGKOK -- A proposed high-speed railway linking southern China to Thailand's industrialized Eastern Seaboard should be built "quickly" according to Wang Yi, China's foreign minister, after a meeting on Monday with Prime Minister Prayuth Chan-ocha."

    July 25, 2017 05:03 am JST
  • Tokyo leads in global patent filings

    TOKYO -- Inventors and companies based in the Tokyo-Yokohama metropolitan area filed the most international patent applications in the five years through 2015, surpassing technology hubs in the U.S. and China.The World Intellectual Property Organiza

    July 25, 2017 04:16 am JST
  • Chinese jets intercept US surveillance plane - US officials

    WASHINGTON (Reuters) -- Two Chinese fighter jets intercepted a U.S. Navy surveillance plane over the East China Sea over the weekend, with one coming within about 300 feet (91 meters) of the American aircraft, two U.S. officials told Reuters on Mond

    July 25, 2017 12:52 am JST
  • China's once leadership hopeful under corruption investigation

    BEIJING (Kyodo) -- China's Communist Party said Monday a former high-ranking official, once considered a contender for top leadership post, is under investigation for alleged "serious violation of discipline," an official euphemism for corruption.T

    July 24, 2017 09:53 pm JST
  • Digital China shares dive on rights issue plan

    HONG KONG -- Shares of Hong Kong-based information technology investment company Digital China Holdings dived more than 14% on Monday after it announced a plan for a rights issue of at least 1.34 billion Hong Kong dollars ($171.6 million).The affili

    July 24, 2017 09:18 pm JST
  • George Magnus

    US and China are letting slip the dogs of trade wars

    When U.S. President Donald Trump took office in January, many people thought the harsh trade rhetoric emanating from the White House and his top advisers meant that a trade war with China might be imminent. It did not materialize. Six months on, how

    July 24, 2017 05:30 pm JST
  • IMF maintains global growth forecasts; China, eurozone revised higher

    KUALA LUMPUR (Reuters) -- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China.In an updated World Economic Outlook pu

    July 24, 2017 03:27 pm JST
  • Great Wall Motor shares tumble on halved profit

    HONG KONG -- Shares in Great Wall Motor sagged to their lowest level in a month and a half in Monday morning trading following news that the Chinese automaker's net profit in the first six months of the year halved from a year ago.The company's shar

    July 24, 2017 02:51 pm JST
  • Alibaba-Tencent struggle disrupts, invigorates China internet

    HONG KONG -- The rivalry between China's two internet titans, Alibaba Group Holding and Tencent Holdings, is flaring up again on a new front.Public attackOn July 12, e-commerce company, in which Tencent has a stake exceeding 20%, released a j

    July 24, 2017 02:35 pm JST
  • Hong Kong shares resume advance as Geely, China financials climb

    HONG KONG (Nikkei Markets) -- Hong Kong shares climbed Monday, sending the benchmark gauge toward its 10th advance in 11 days, as Geely Automobile Holdings rebounded from a weekly loss and Chinese financial companies tracked gains by mainland equiti

    July 24, 2017 02:26 pm JST
  • China's electric-car boom charges up smaller Japan suppliers

    TOKYO -- The fast-growing Chinese market for electric cars is creating new opportunities for small and midsize Japanese parts manufacturers that boast special expertise to address the unique technological challenges of those vehicles. Shigehara has

    July 24, 2017 09:22 am JST
  • China up close

    Xi tears up succession script with Chongqing shocker

    TOKYO -- In a surprise move that sent shock waves through China's political sphere, the Communist Party announced on July 15 that Sun Zhengcai, once a front-runner of the next generation of leaders, had been removed as Chongqing party chief.His repl

    July 24, 2017 08:00 am JST
  • Rakuten enlisting Chinese help to challenge Airbnb

    TOKYO -- Fresh from announcing its entry into Japan's home-sharing market, e-commerce giant Rakuten plans to join forces with China's Tujia in hopes of winning more customers.Chinese, who constitute around a quarter of all foreign visitors to Japan,

    July 23, 2017 05:00 pm JST
  • Pro-China groups could undermine Japan-Taiwan ties

    TAIPEI -- An unsettling scene unfolded on the streets of Taipei during a rally commemorating the 80th anniversary of the event that triggered the Second Sino-Japanese War, the infamous Marco Polo Bridge Incident of July 7, 1937. Without warning, a

    July 23, 2017 04:00 pm JST
  • Company in focus

    Hyundai Motor confronts twin crises in China, US

    SEOUL/SHANGHAI -- "We'll give you an additional discount of 7,000 yuan ($1,035) on top of the 20,000 yuan," salesman Zhao Wenxi told a potential customer in mid-July at a Shanghai dealership of South Korea's Hyundai Motor.The popular Tucson SUV mode

    July 23, 2017 12:00 pm JST